Galliford Try, the housebuilding and construction company, has doubled its dividend and delivered strong profits growth in the six months to 31 December.

The company has benefited from its stronghold in the south of England and plans to sell 3,000 homes this year - a record number for Galliford, and a doubling of its housebuilding business since September 2009 when it launched a rights issue to buy land at attractive prices.

Trading on just 8.4 times forecast earnings, the shares at 553p are the cheapest in the sector and offer the highest dividend yield, with good prospects for further growth this year.

Galliford Try results in the six months to December 31
RevenuesPre-tax profitEarnings per shareDividend
£746.8m£32.2m£31p9p
↑ 30 %↑ 89 %↑ 110 %↑ 100 per cent

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